Looking for a new source of income? Welcome to Market 365.

I’m Martin Rise, a stock trader and founder of Market 365. I’ve been involved in stock trading for 20 years and I know all ins and outs of the financial market. I hope my experience will help you destroy your debts, build your savings and accomplish your financial goals, whatever they are.

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If you’ve ever been shopping around online and stumbled upon a promo code website (or you just happen to know a really keen bargain shopper), then you may have asked yourself “Are these deals really worth it?” Depending on the site, company, and product, it may seem like promo code deals are offering you very little for your purchase. But the truth is, they really are a great place to start when you’re looking for a sweet deal.

How They Work

If a business is in a slow season or they have a product that they want to sell fast, either because they have too many or because the relevance is time-sensitive, they are very likely to use online promo codes that are applicable to purchases made on their eCommerce website. These codes will either be distributed as prizes through a specific organization, or given out freely to promo code websites in order to direct online traffic from those sites to their store (example codes by Affordable Mobiles on ‘PromoCodesFor’: https://www.promocodesfor.co.uk/affordable-mobiles ).

And while not all deals are going to be worth it, it’s important to note that the point of the promo code is to give a limited time offer that makes the purchase more worthwhile to you while still allowing the vendor to make a profit. It’s inherently designed to be a win-win situation. This is why so many avid bargain shoppers start every online purchase with a quick scan of promo code websites. You never know if the thing you already wanted to buy can be price reduced from a hidden code.

What To Look For

In order to ensure that the promo code you’re looking at is a good deal, consider this: generally speaking, when a vendor designs a promo code discount they should start with a general 20% off. Depending on the nature of their product, they may have to adjust from there. If they are offering a flat amount, quickly calculate what percentage of the total cost the flat amount is. A 20% discount is a mutually favorable deal. If it’s discounted further, the deal leans more in your favor. If it’s discounted less, the deal leans towards the vendor.

For example: if you find a code for £5 off a £50 pair of shoes then I know I’m receiving a 10% discount. 10% is almost always the lowest discount amount that should be able to sway your decision to buy a product. Anything less than that is usually negligible. However, even if you head to a promo code site and don’t see a code you want to use that day, it still may be worth shopping with that vendor. If they have posted promo codes in the past then they are likely to do so in the future and that could save you money down the road to stick with them.

Whether you end up taking the deal or not, promo code websites are a great place to start every online shopping escapade.